Explain the following in simple words or explanation: Who is creating the scenario planning? Is scenario planning only effective for some oraganizations? Because there is always a social changes, rapid changes in the society especially to technology and global market. What if there is a faulty judgment because it involves uncertainty?
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Explain the following in simple words or explanation:
- Who is creating the scenario planning?
- Is scenario planning only effective for some oraganizations? Because there is always a social changes, rapid changes in the society especially to technology and global market.
- What if there is a faulty judgment because it involves uncertainty?
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Solved in 2 steps
- Explain the concept of scenario planning. How can it help organizations anticipate and prepare for various future scenarios?Can you explain the concept of scenario planning and how it can help organizations prepare for future uncertainties?12. In year 2017, the strategic planners of Sheena Cosmetics implemented the pandemic allowance and assistance for all the employees in case there will be any pandemic happened that can affect the efficiency and safety of all the employees. And in the year 2020 and up to this day, COVID-19 became the global problem. And the employees of Sheena Cosmetics were very thankful for the assistance given ahead of time for their safety. What planning technique did the company used? A. Contingency Planning B. Forecasting C. Linear Programming D. Scenario Planning 13. Below are the advantages of division of work or labor EXCEPT A. Creates job specialization B. Increase productivity C. Higher degree of control. D. Job given can be fit based on individual's ability. 14. Max is part of marketing department and currently confuse on what to do in order to know if the business is growing in terms of its sales. His colleague advised him to ask Grae in the sales department for the report of sales of the…
- 1- HIGHLINE FINANCIAL SERVICES, LTD. CASE Financial Services provides three categories of service to or promotion, and competition doesn't change, predict demand dients. Managing partner Freddie Mack is getting ready to pre- for the services the company offers for the next four quarters: 2-Examine the demand that this company has experienced for the three categories of service it offers over the preceding two years. Assuming nothing changes in terms of advertising or promotion , and competition doesn't change , predict-demand for the services the company offers for the next four quarters . Note that there are not enough data to develop seasonal relatives. Nonetheless , you should be able to make reasonably good , approximate , intuitive estimates of demand. What general observations can you make regarding demand ? Should Freddie have any concerns ? Explain.Identify an industry that is undergoing intense competition or is being featured in the busines press. Discuss how scenario planning might be used by competitors to prepare for future events. Can some industries benefit more than others from this type of process? Explain why? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Based on the picture below, explain each briefly like you are teaching this to your students or give a summary explanation about how scenario planning works. Key focal issue Driving forces Critical uncertainties Scenario Framework
- What are some best practices or strategies for long-term planning, especially in industries or sectors with high levels of uncertainty or volatility?How accurate do you think economic feasibility studies are? Do you have any examples?what are the pros and cons of uniqlo strategies in 2023 Swot & Kpi anaylsis of Uniqlo
- How can an organization ensure that its long-term planning efforts are in line with changing market conditions and customer demands?What are the benefits and limitations of short-term versus long-term planning approaches?Explain why planning is difficult in case of environmental uncertainty. Which might be the challenges